Since1971, $1 USD has declined in purchasing power to just 12.9 cents (an 87.1% decline)
In Australia’s case, $1 AUD has declined to just 7.7 cents (a 92.3% decline) over the same period
Discussion
Thanks for the math! 🙏
🇬🇧 hold my tea
Oi ya greezer that’s bad innit
It's been happening here for about 1,250 years. The name Pound comes from it's origin of a pound of silver.
"The origins of sterling lie in the reign of King Offa of Mercia (757–796), who introduced a "sterling" coin made by physically dividing a Tower pound (5,400 grains, 349.9 grams) of silver into 240 parts"
From https://wikipedia.org/wiki/Pound_sterling
But, you know, everything is just fine
